RE:hahaha, you gastards, even with a huge build you get phocked
it actually wasn't a big build. Overall it was a negative inventory amount. To understand this one has to take the entire formula, which is: two barrels of oil = one barrel of gas and one barrel of distillates. (distillates make up products like diesel and heating oil). So last week we got -1.9 = -.300 + 3.8 or an increase of oil product by 1.6 million barrels. I am very bearish on oil will drop but the tipping point to the downside has not come yet. Until then, playing this game is not for the risk averse. (Sitting on cash until then).